Eritrean nakfa brazilian real exchange rate history (ERN BRL) December 2023

Eritrean nakfa brazilian real history for December 2023. The highest quote for this month is 0.3301 (13/12/2023) and the lowest 0.32854 (13/12/2023). The difference between high and low is 0.47.

ERN BRL average rate for December 2023 is 0.32523, the change between 01/12/2023 and 31/12/2023 is +1.61 %.

01 December 2023	1 ERN = 0.3271 BRL
02 December 2023	1 ERN = 0.3237 BRL
03 December 2023	1 ERN = 0.3243 BRL
04 December 2023	1 ERN = 0.3257 BRL
05 December 2023	1 ERN = 0.3280 BRL
06 December 2023	1 ERN = 0.3274 BRL
07 December 2023	1 ERN = 0.3252 BRL
08 December 2023	1 ERN = 0.3263 BRL
10 December 2023	1 ERN = 0.3273 BRL
11 December 2023	1 ERN = 0.3247 BRL
12 December 2023	1 ERN = 0.3276 BRL
13 December 2023	1 ERN = 0.3294 BRL
14 December 2023	1 ERN = 0.3268 BRL
15 December 2023	1 ERN = 0.3261 BRL
16 December 2023	1 ERN = 0.3278 BRL
17 December 2023	1 ERN = 0.3278 BRL
18 December 2023	1 ERN = 0.3269 BRL
19 December 2023	1 ERN = 0.3249 BRL
20 December 2023	1 ERN = 0.3234 BRL
21 December 2023	1 ERN = 0.3266 BRL
22 December 2023	1 ERN = 0.3244 BRL
23 December 2023	1 ERN = 0.3224 BRL
24 December 2023	1 ERN = 0.3219 BRL
26 December 2023	1 ERN = 0.3236 BRL
27 December 2023	1 ERN = 0.3194 BRL
28 December 2023	1 ERN = 0.3207 BRL
29 December 2023	1 ERN = 0.3218 BRL

08/04/2020: COVID-19 impact on currency circulation

Due to the COVID-19 pandemic, circulation of nakfa banknotes decreased as people relied more on digital transactions.

25/02/2019: Introduction of new nakfa banknotes

Eritrea introduced new banknotes in denominations of 5, 10, 20, 50, and 100 nakfa.

30/10/2018: Currency devaluation

Eritrea devalued the nakfa by 14%, reducing its official exchange rate to 1 USD = 15 ERN.

15/08/2018: Elections and Political Uncertainty

The Real experienced significant volatility leading up to the Presidential elections, responding to political developments and market sentiment.

22/01/2015: Dollarization policy imposed

Eritrea imposed a dollarization policy, making the US dollar the predominant currency for most transactions.

22/01/2015: Real Hits 10-Year Low

The Real reached its lowest level against the US dollar in a decade, primarily due to a decline in commodity prices and economic concerns.

15/09/2008: Global Financial Crisis Impact

As a consequence of the global financial crisis, the Brazilian Real faced a sharp depreciation against major currencies due to capital outflows and risk aversion.

14/11/2005: Currency redenomination

The Eritrean nakfa underwent a redenomination where old nakfa notes were replaced with new nakfa notes in a ratio of 1:1,000.

27/07/2005: New Currency Symbol

The Central Bank of Brazil announced a public competition to select a new currency symbol, which resulted in the adoption of the official symbol for the Real.

18/06/2002: Exchange Rate Floatation

The Brazilian government allowed the Real to float freely against other currencies, abandoning the controlled exchange rate regime.

15/01/1999: Devaluation of the Real

Due to the Russian financial crisis and the Asian financial crisis, the government devalued the Real by around 8% to boost exports and stimulate the economy.

08/11/1997: Introduction of the Eritrean nakfa

The Eritrean nakfa was introduced as the official currency of Eritrea, replacing the Ethiopian birr.

08/11/1997: Currency exchange rate fixed

The Eritrean nakfa was fixed at an exchange rate of 1 USD = 10 ERN.

01/07/1994: Introduction of the Real Plan

The Brazilian real was established as the official currency, replacing the hyperinflation-ridden Cruzeiro Real. It aimed to stabilize the economy and combat inflation.

Historic Eritrean nakfa Brazilian Real